Economy

Oil Market
Oil rally dampened after new Trump statement

Oil prices took a sharp jump upward after reports in Iranian state media that Iran is halting all talks with the US in protest against Israel's attack on Lebanon.

Before the announcement, oil prices were up 2 percent. By 4 p.m., North Sea oil had risen more than 6 percent to just over $97, while American WTI oil rose more than 7 percent to nearly $94. The rise was dampened somewhat during the evening after Donald Trump downplayed reports that the talks had been called off.

Prices are higher than Goldman Sachs' forecast for the fourth quarter, but in an update before the new announcement from Iran, the major bank wrote that the situation is divided, according to CNBC.

Tesla's future
"Tesla shame" blows by - Model Y sells strongly

Tesla is making a comeback among Swedes after the sharp dip that followed Elon Musk's political involvement and statements. This is shown by industry statistics from Mobility Sweden, reports DI. The newspaper sums it up as the "Tesla shame" is starting to subside.

In May, Tesla's Model Y was the third best-selling car in Sweden and it is also third for the full year. Second-hand marketplaces such as Blocket, Kvdbil and Carla also testify to high demand for Tesla cars.

The bigger picture is that the passenger car market is cautious, but that electric cars are moving forward, writes TT.

Space X stock market trip
Space X earmarks shares for specially selected people

Elon Musk's space company SpaceX is reserving 5 percent of the shares in the upcoming stock market listing for specially selected people. This is evident from a supplementary submission to the US financial regulator SEC, reports CNBC.

The participants are selected by the company's management and can include employees, customers and friends. The arrangement is reminiscent of what was used when Tesla went public in 2010, the channel notes.

In total, SpaceX wants to sell shares for about $ 75 billion in the IPO, which would value the entire space company at about $ 1.8 trillion.

The marketing tour can begin as early as this week and trading on Nasdaq can start on June 12. 

The development of electric cars
Scania steps up investment in electric trucks

Scania is investing 70 million euros, just under 760 million kronor, to expand the factory in Angers, France, in an investment in electric trucks, the Swedish truck manufacturer writes in a press release. The investment "strengthens Scania's industrial presence in France and further develops the company's ability to support the shift to more sustainable transport solutions," the company writes.

The plant will be able to assemble both internal combustion engine trucks and electric trucks to meet customer demand